๐Ÿ’ก Trade Idea

๐Ÿ“‰ Sell Limit GBP/JPY @ 139.80

๐ŸŽฏ Target Profit 138.46

๐Ÿ›‘ Stop Loss 140.28

โŒ Do not risk more than 1 % of your account on each trade

๐Ÿ™‚ Good Luck !

Description:
The pair is ranging inside a corrective channel after it failed to move upward above the daily resistance level (140.17). We might see a higher correction to the higher end of the corrective channel and then a move to the downside towards the 138.46 level.
Candlestick AnalysisfakebreakoutForexpriceactionSupply and DemandSupport and ResistanceTechnical Analysis

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